Is Selling in My Best Economic Interest?

A client recently told me that his employees were concerned about my work on his behalf. I was originally hired to help him navigate a sale of the business. They were concerned that we were still pursuing a sale and the consequences for them. (I will explain in another post why I told the banker who introduced us that the owner should not sell. I reached that conclusion after spending less than five minutes reviewing the company’s financials).

I drew a picture similar to this one. The owner is 55. His plan is to work less and still enjoy the ongoing benefits of ownership for another seven years. It’s pretty simple economics to share with his employees.

We meet weekly to drive his plans forward. Its been a great journey for both of us.